Delinquency of at least 30 days on home-equity lines-of-credit was 1.10 percent during the first quarter, the American Bankers Association reported. HELOC late payments were up from the fourth quarter and higher than the first quarter 2007. Delinquency on home-equity loans, however, declined from the previous quarter to 2.34 percent.
Discuss Add this link to... Tell a friendBury Add to:
| Bookmarks
Welcome to Mortgage-Lending-News.Com. The United States Mortgage Industry is at a crossroads. Hundreds of billions in loans and real estate valuations have been lost due to the sub-prime mortgage crisis. Even worse, billions more are at risk during the first half of 2008, as even more adjustable rate mortgages reset their rates. Hardly a day goes by that we don't hear of a foreclosure crisis in the news. Quite simply, there is too much news for us to keep up with, so we built this Mortgage site, initially as a means for us to internally follow what is going on in the mortgage industry. Now, we are sharing it with you.
Comments